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Forums>AlgoWizard / EA Wizard>Make my EA>counting waves with Awesome Oscillator

• #242275 |
Participant
126 Posts

counting waves with Awesome Oscillator
Hello, I’m looking for a way to count the up waves (like elliott waves) and if the parameter drops close to the long position. Example: 1. wave 1 high, 2. wave high and now period lower than high 2. wave. I use the Awesome Oscillator for it.

Is there a way to analyze and count the waves?

Example: Go long if Awesome oscillator cross over zero and now: close long position after the high of the 1st wave (X marked)
(If the new period is lower than the high.)
Does anyone have an example or solution for that?

#242320
1427 Posts

Hello,

it can be easy I presume. Can you mark on the screenshot where you would like to exit? I am not sure

#245043
1427 Posts

There is an easy way how to count “waves” using Lowest / Highest function. See example attached

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#245597
Participant
126 Posts

Hello, I have improved the idea because the indicator is too slow.

I have reversal points and i want to count them:
The low as a variable: MA3 [1] is larger than MA3 [2] and MA3 [2] is smaller than MA3 [3]
The high as a variable: MA3 [1] is smaller than MA3 [2] and MA3 [2] is larger than MA3 [3].

Now I want to count the highs, how many highs are above the SMA13.

If 2 highs are above the SMA13 as a variable and then MA3 gets smaller, I want to close the long position.

How could you realize that?

#245631
1427 Posts

It can be done as well. Is the MA3 a moving average (3) ?

Will make an example on this

#247339
Participant
126 Posts

Yes, the MA3 mean the simple moving average 3

#248313
Participant
126 Posts

hello tomas, you have an example on this above ?

regards

#248883
Participant
126 Posts

Hello, how can i reset the longBreakCounter to 0  ?, so the EA is waiting for the next LONG Signal ?
in my Go Long Rule, the Counter is under the max value (see Picture)

My Value for reset can be  SMA12 under SMA26.
How can i do this ?
thank you

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#248912